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32727800

6030 IN-16, Monticello, IN 47960

PC
MI 6501197270
SVN | Silveri Company
SVN | Silveri Company
Listed by SVN | Silveri Company
$1,156,714
14 days on market
Updated 14 days ago

NNN Leased Dollar General Monticello IN

Details
Property Type Retail
Sub Type Grocery Store
Square Footage 9,363
Cap Rate 7%
NOI $80,970
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 06/30/2033
Remaining Term 7.1
Price per SqFt $124
Broker Co-Op Yes
Acreage 2.475
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee

Absolute Net Lease to Dollar General in Popular Indiana Resort Area. Low Pricde Point!

Marketing description

The SVN Silveri Co and The Colvin Dollar General Team enthusiastically present this NNN Leased Dollar General Investment Property located in the famous tourist destination of Monticello Indiana, which is halfway between Chicago and Indianapolis. The beautiful Tippecanoe River and Lake Shafer are home to the famous Indiana Beach Amusement Park, restaurants & pubs, wineries, shopping, waterfront resorts and great river cruises.

This highly visible, 9,363 SF building sits on a corner lot with frontage along Indiana Highway 16. Constructed in 2018, the base lease term runs through 6-30-2033, plus 5-five year renewals with 10% increases.

We can provide a clean Phase 1 Report and an ALTA Survey, which should help make acquiring this property fairly simple. We have additional NNN Dollar Generals if you need a larger purchase. Co-listed with Indiana Broker of Record SVN Parke Group.

Listing Contacts

PC
MI 6501197270
SVN | Silveri Company
SVN | Silveri Company
Listed by SVN | Silveri Company

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$80,970.00
$6,747.50/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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